Funding arb · Price arb /

XAU

RWAall XAU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0583%/8h= +63.8% APRpaid last 24h +0.041%

Price spread now: HTX against Extended+0.168%7-day average +0.111% · you sell dearer than you buy

Net, funding: paid 7d − costs−$11as in the Funding arb table

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$180.184% of the position

Long on Extended Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.072%+$7 on $10k

Price spread, last 4 days (all we have)+0.033%+$3 · spread now +0.168%, 7d avg +0.111%

Together, before fees+0.105%+ Points / potential airdropExtended: Active · farm board+$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and HTX is 0.057% dearer against Extended than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.111%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.072% in total (about 3.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended XAU-USD	4,344	0.0032	pay 0.0004% / 1h	7m 15s	$13.2M	$38.3M	25x
Short	HTX XAU-USDT	4,351.3	0.0615	get 0.0307% / 4h	7m 15s	$2.8M	$4.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ExtendedbpFee HTXbpOrdersPrice spread, now +0.168%Rate

Funding earned: $122.39
Price spread: +0.168% → +0.111%: $5.68
Slippage, 4 orders: −$1.42
Fee Extended: 2.5 bp × 2 orders: −$5
Fee HTX: 6 bp × 2 orders: −$12
Net: $109.65
Costs to cover: 0.184%
Break-even: 0.7 days

Slippage from Extended: live order book, 2 min ago; HTX: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Extended live order book, 2 min ago	0.12 bp	2.6 bp −$3	3.4 bp −$34	7.2 bp −$720	27.2 bp −$13.6K
Sell HTX live order book, 2 min ago	0.01 bp	7.2 bp −$7	10.5 bp −$105	17.1 bp −$1,714	doesn't fit

XAU on 39 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx XAU/USDC	0.0000%	1h	4,347.5	+0.080%	$3.4M	$12.3M	25x	as long as short
Gate XAU_USDT	0.0000%	4h	4,349.2	+0.119%	$266.4M	$417.8M	100x	as long as short
SunX XAU-USDT	0.0000%	4h	4,352.4	+0.193%	$92K	$8.9M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,344.1	+0.001%	$272K	—	250x	as long as short
Lighter XAU	+0.0032%	1h	4,346.6	+0.061%	$20.8M	$38.2M	25x	as long as short
Extended XAU-USDlong	+0.0032%	1h	4,344	long leg	$13.2M	$38.3M	25x
Injective XAU/USDC PERP	+0.0033%	1h	4,350.4	+0.148%	$619	$54	52x	as long as short
Lighter RH XAU	+0.0040%	1h	4,348.6	+0.107%	$20.1M	$39.5M	25x	as long as short
StandX XAU-USD	+0.0040%	1h	4,348.3	+0.099%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0041%	1h	4,347.5	+0.081%	$5.7M	$2.0M	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest GC-PERP	+0.0046%	1h	4,380.8	+0.847%	—	$1.0M	25x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0048%	1h	4,345.2	+0.028%	$2.0M	$4.8M	25x	as long as short
Kalshi KXGOLDPERP	+0.0049%	24h	4,345.8	+0.042%	$4.2M	$37.4M	15x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,344.6	+0.014%	$293.9M	$48.8M	25x	as long as short
Ondo Perps XAU-USD.P	+0.0050%	1h	4,344.2	+0.004%	$15.1M	$56.8M	25x	as long as short
Hotstuff GOLD-PERP	+0.0056%	1h	4,344.4	+0.009%	$33K	—	25x	as long as short
Aster XAUUSD1	+0.0064%	4h	4,348.2	+0.096%	$71.3M	$333.1M	20x	as long as short
Variational Omni XAU	+0.0076%	4h	4,345.3	+0.030%	$48.4M	$28.2M	—	as long as short
Paradex XAU-USD-PERP	+0.0081%	8h	4,347.7	+0.085%	$19K	$5K	5x	as long as short
GRVT XAU_USDT_Perp	+0.0090%	4h	4,347	+0.068%	$1.4M	$2.9M	25x	as long as short
MEXC XAU_USDT	+0.0090%	4h	4,347.9	+0.090%	$372.7M	$320.6M	1000x	as long as short
Binance XAUUSDT	+0.0091%	4h	4,347.9	+0.090%	$413.9M	$2.10B	100x	as long as short
Pacifica XAU	+0.0100%	1h	4,344	+0.001%	$1.4M	$1.1M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,343.3	−0.016%	$274K	$203K	50x	as long as short
Bluefin GOLD-PERP	+0.0100%	1h	4,340.3	−0.085%	$25K	$14K	20x	as long as short
edgeX XAUUSDC	+0.0101%	4h	4,342.2	−0.040%	$30.2M	$58.0M	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,347	+0.070%	$161K	$87	10x	as long as short
Phoenix GOLD	+0.0142%	1h	4,345.2	+0.028%	$47K	$77K	25x	as long as short
Polymarket Perps GOLD-USD	+0.0167%	1h	4,348	+0.092%	$4.3M	$2.0M	20x	as long as short
Bullet GOLD-USD	+0.0186%	1h	4,348.1	+0.095%	$59K	$82K	10x	as long as short
Kraken Futures PF_XAUUSD	+0.0194%	1h	4,344.8	+0.019%	$593K	$132K	25x	as long as short
Phemex XAUUSDT	+0.0227%	4h	4,349.4	+0.124%	$2.2M	$967K	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0233%	1h	4,346.3	+0.053%	$206K	$825K	25x	as long as short
Bitget XAUUSDT	+0.0234%	4h	4,348.2	+0.096%	$70.7M	$109.4M	100x	as long as short
Bybit XAUUSDT	+0.0240%	4h	4,348.9	+0.114%	$85.1M	$145.4M	150x	as long as short
OKX XAU-USDT-SWAP	+0.0300%	8h	4,349.4	+0.125%	$165.4M	$282.0M	100x	as long as short
BloFin XAU-USDT	+0.0331%	4h	4,348	+0.091%	$15.6M	$4.5M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0419% / S −0.0240%	1h	4,348.1	+0.094%	$248K	—	111x	as long as short
HTX XAU-USDTshort	+0.0615%	4h	4,351.3	+0.168%	$2.8M	$4.6M	75x